Dividend, bonus issue, stock split: Smallcap NBFC to consider three corporate actions on THIS date; Details here

Dividend, bonus issue, stock split: Smallcap non-banking financial company (NBFC) Enbee Trade and Finance Ltd announced on Monday, January 20, that it will conduct its board meeting on Monday, January 27, 2025, to consider a slew of corporate actions --dividend, stock split, and bonus issue. The financial services company will provide details of the record date and share allotments of the corporate actions next week with the board meeting announcements.

“We wish to inform you that a meeting of the Board of Directors of Enbee Trade and Finance Ltd. is scheduled to be held on Monday, January 27, 2025, to deliberate and consider approval of the following key corporate actions,” said Enbee Trade and Finance in a regulatory filing to the stock exchanges, adding,

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(1). To consider a proposal to subdivide (split) the company’s existing equity shares of ₹10 each. (2). To consider a proposal for a bonus share issue. This initiative reflects the company’s commitment to rewarding its shareholders and aligns with its strong financial position. If approved, the issuance of bonus shares will be subject to requisite approvals, including shareholders."

(3). To consider a proposal for dividend declaration: This step reinforces our focus on providing consistent and sustainable returns to our shareholders, reflecting the company’s robust financial health and commitment to shareholder value creation," explained Enbee Trade and Finance today.

Enbee Trade and Finance dividend, bonus issue, stock split:

The NBFC, which specializes in providing unsecured loans to retail and MSME customers, also said in its filing that the details of the proposals mentioned above, along with any additional decisions taken during the board meeting, will be disclosed to the stock exchange and all stakeholders upon the conclusion of the meeting, under applicable regulatory requirements.

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"In compliance with the company’s Code of Conduct for Prohibition of Insider Trading, the trading window for dealing in the securities of the company is already closed and will remain closed until 48 hours after the conclusion of the Board meeting, in line with SEBI (Prohibition of Insider Trading) Regulations, 2015," added Enbee Trade and Finance in its stock exchange filing.

Enbee Trade and Finance share price trend

On Monday, shares of Enbee Trade and Finance opened at ₹11.84 and gained three per cent to hit an intra day high of ₹12.40 against a 52-week high of ₹24.26, before settling 0.73 per cent higher at ₹12.36 apiece on the BSE. The NBFC commands a market cap of ₹60.56 crore. The small-cap stock is 48 per cent below its 52-week high mark. The stock has provided nearly 13.81 per cent returns to investors in the last six months. Brokerages say the stock has a very low volatility.

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